Ferguson Wellman Capital Management Inc. Sells 1,065 Shares of Costco Wholesale Corporation $COST

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Ferguson Wellman Capital Management Inc. reduced its stake in Costco Wholesale Corporation by 4.4%, selling 1,065 shares and ending the quarter with 23,099 shares valued at approximately $19.9 million. Despite this, major institutions like Norges Bank and Amundi have increased their positions, pushing institutional ownership to about 68.48%. Costco slightly exceeded quarterly earnings estimates, and analysts maintain a “Moderate Buy” rating with a target price of around $1,039, though valuation remains high and membership growth poses a potential risk.

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